Dollar Loan Center

Please tell us what state yiu live in, as laws vary from state to state. Also list the loan amounts and the total amount you have paid for each. If they are illegal loans all you need to repay is the principle amount borrowed. 1700 on a 400 loan seems a bit crazy. chances are it is an illegal loan, but cant be sure without your state

I live in Utah.
E-payday-loan $350 (set up payment arrangements) have already paid them $525.00 and they say I still owe 200.00 on 6/1 and 190.00 on 7/1/09.
Instant Cash USA$300.00 loan have not paid anything. (due to fraud avtivity on my bank account they have not been able to pull funds since the loan was established)
Paycheck Today Loan amount of 250.00. Have paid a total of $360.00 (90.00 interest payments)
Payday Max Loan amount of 300.00. Have paid a total of 101.74. Collections have been calling wanting $85.91 for the next 4 weeks.
Summit Group Loan amount of 300.00. Have paid a total of 360.00. Got an email that my account had been sent to a company called Redco.
United Cash Loans Loan amount of 300.00. Have paid a total of 360.00.
Dollar Loan Center Loan amount of 400.00. Have paid a total of 1703.58.
Zip19 Loan amount of 200.00. Have been unable to collect since bank account was closed the day prior due to fraud activity in my bank account.

nailwoman27 99% of those loans are ILLEGAL. Is Dollar Loan center a storefront loan or internet loan?


E-payday - overpaid, request PIF + refund
Instant Cash - owe $300
Paychesk Today - overpaid, request PIF + refund
Payday Max - owe $198.26
Summit Group - overpaid, request PIF
United cash Loans - overpaid, request PIF
Zip19 - owe $200

Looks like you took the first step in closing your account. Now you will need to contact the lenders and send your proposals for a "paid in full" and refunds.

Pleas read HERE for more information. This will help you take the proper steps in contacting the lenders.

What's the proper form that I should be using in requesting a paid in full letter and a refund? I feel like i'm going in blind on these.
Dollar Loan was one I applied for online but actually went to them to collect the money. Does that make sense? I spoke to them back in Feb and they insisted I pay them off to get rid of the phone calls. They threatened to call my references every day until they got my payment. I spoke to a man that told me the only way to get out from them, since they are legit here in utah, to take a loan from someone else to pay them off. Otherwise I could call and say that I was filing bancruptcy and ask if they wanted me to list them as they are an unsecured loan? I'm not sure i understood all of that but that was the recommendation to help them release the loan. He felt like 3x over the original loan amount was absurd.

Secure your account first and then send them letters stating they are illegal.

You only owe what you borrowed. Any fees or charges you have made apply to that amount.

You can find a sample letter here. Scroll to the 13th post to find it.

You need to change it to you information and state laws.

Quote:

I also live in Utah, and yes, Dollar Loan Center is a legal lender here. They have helped me out many times, in fact, they are the only lenders I trust. Their interest is a lot cheaper than online lenders and I only have to pay it for the time that I have the money. Your weekly payment probably isnt too big for interest on $400, try just adding a principal payment each week and you will be paid in full in no time. Good Luck!

Where do I find the information for my particular state (Utah) to add to the letter?

Utah State Law:

Quote:

In regards to all of the letters that I have sent out - as of 5/7/09 - I have only received a response back from one company. Zip 19. Summit Group had their attorneys call me -Lighthouse Recovery - and after a 5th phone call at my work from Paycheck Today, I have sent them further nasty-ness today. I am absolutely fed up with their crap. Making threats at me when I've well paid them back and overpaid. Pathetic!!!

I had a 250.00 loan with them and have only paid $75.00. I just rcvd a call claiming I now owe 355.00 unless I want to avoid further collection activities. Are they licensed to do business in Utah?
It was an internet payday loan.
If they are not, I am going to only allow the balance less the 75.00 I have already paid.

It's ILLEGSL in any state for them to harass you at work. The next time they call, you need to tell them " I am officially letting you know that you are not to call my place of business anymore. If you need to reach me, then call my home or sen me a letter, but it is illegal for you to harass me at work. If it happens again I will be reporting you. Goodbye" I've done it and it works because it's true. Dollar Loan Center is legal in Utah and the interest, even though lower than others, is still outrageous. Good luck and I hope you get this settled.